CAclubindia News
RBI Reports 93% Return Rate for Rs 2000 Notes in Circulation
02 September 2023 at 08:51As of August 31, 2023, 93% of the ₹2000 banknotes in circulation as on May 19, 2023, have been returned. The total value of the returned notes is ₹3.32 lakh crore
CBDT Introduces Form 71 for TDS Credit on Previously Reported Income in ITRs
02 September 2023 at 08:50CBDT notified Form 71 on August 30, 2023, to enable taxpayers to claim TDS credit for income that has been declared in their ITRs for a previous assessment year, but the TDS in a subsequent financial year.
CBDT releases the fifth annual APA report
02 September 2023 at 08:48CBDT records signing of 95 APAs in FY 2022-23, the highest ever in any financial year since the launch of the APA programme
August 2023 GST Collection Hits Rs 159069 Crore Mark, Registers 11% YoY Surge
02 September 2023 at 08:47₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth
ICAI President on Institute's Role in Fostering Responsible Financial Reporting and Global Leadership
01 September 2023 at 08:53Let's have a look at some of the significant developments that took place since our last communication
GSTN releases Advisory on Reporting of ITC Reversal Opening Balance
01 September 2023 at 08:51GSTN has issued an important advisory on reporting of ITC reversal opening balance.
GSTN introduces a new ledger named Electronic Credit and Re-claimed Statement
01 September 2023 at 08:50Introducing Electronic Credit Reversal and Re-claimed statement on GSTN
FirstCry Founder Under Investigation for Suspected $50 Million Tax Evasion
31 August 2023 at 08:55The Income Tax department of India is probing an alleged tax evasion of $50 million by Supam Maheshwari, the founder of FirstCry, an online retailer of baby and child products.
PNB Launches GST Sahay App for Invoice-based MSME Loans up to Rs 2 Lakh
31 August 2023 at 08:55Punjab National Bank (PNB) launches the PNB GST Sahay App for MSME borrowers to access loans digitally using GST invoices.
Income Tax Authority Set to Investigate 20 Entities for Potential Irregularities in Adani Share Profits
30 August 2023 at 14:25The income-tax department is considering a potential investigation into both domestic and overseas entities for possible tax evasion related to profits gained from short-selling shares of companies within the Adani Group. This move comes in the wake
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